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Tolmans Hill, TAS 7007

Home » TAS Real Estate Data » Hobart City Council, TAS » Tolmans Hill, TAS 7007

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Tolmans Hill, TAS 7007 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Tolmans Hill, TAS 7007”

  1. The total adult population (15 years or older) of Tolmans Hill 7007 TAS is 528, with a median age of 42. Of those, 58.90% are married, 9.66% are divorced or separated, 30.30% are single and 1.70% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $13,568. The median monthly mortgage repayment for households in this suburb is $2,400 which is 17.69% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Tolmans Hill, postcode 7007, resides in the mesmerising state of Tasmania. Ash for the third quarter of 2023, it houses an intimate community with an estimated 268 households. The neighbourhood depicts strong socio-economic foundations with an impressive IRSAD score of 1140 out of a possible 1217, suggesting a preponderance of residents in skilled occupations, high income levels and substantial access to economic resources.

    Delving into the housing market characteristics of Tolmans Hill, the typical price for a house stands at an impressive AUD 1,124,890. Coupled with a median weekly rent of AUD 699, we see a promising indicative yield of approximately 3.23%. Enticing indeed for investors with a focus on cash flow.

    The ratio of renters to homeowners is significantly low at 8%, painting a predominantly owner-occupied market with potentially less competition among landlords for tenants. Additionally, the units to houses ratio is wonderfully low at 3%, indicating a strong family-oriented suburb and lowering the risk of market saturation from unit supplies.

    However, the suburb’s affordability index leans on the lower end with an estimated duration of 32 years required to fully own a house, indicating slightly decreased affordability. The property market’s supply metrics for Tolmans Hill reveal a balanced scenario. The stock on the market percentage aligns with the neutral range at 0.9%, and the inventory level remains at a modest three months.

    On the development side, the building approvals ratio stands at 0.45%, reflecting controlled growth and a steady supply of new residential dwellings. In terms of demand, the average time on the market for houses is 119 days, suggesting a more muted demand. Furthermore, the combined vacancy rate for houses and units is notably high at 9.09%, which might indicate stiffer competition for tenants among potential landlords. In line with these statistics, the buy search index stands at 5, reinforcing the overall neutral demand.

    The choice to invest in the property market of Tolmans Hill should be based on a deeper understanding of these key market statistics. The market does show promise with its strong socio-economic standings and excellent yields but also presents challenges in terms of demand and affordability.
    Even in a balanced market such as Tolmans Hill, certain unfavourable statistics can be outweighed by other favourable factors. For a comprehensive assessment of these factors, metrics such as the Relative Composite Score (RCS) developed by HtAG Analytics, which utilise over 80 metrics, can be incredibly beneficial.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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